IRS revoked this organization's tax-exempt status on May 15, 2024

Nations INC FY2019 filing

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EIN 46-4345643 Unknown exempt organization Aitkin, MN
Form 990 (PDF)

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Revenue & expenses by yearFY2019–FY2020
Revenue
$10.7M
FY2019
Expenses
$6.1M
FY2019

Form 990 for the fiscal year ending December 2019 (IRS tax year 2019).


Generates funds through entertainment and festivals to support economic development in low-income communities. For fiscal year 2019 it reported $10.7M in revenue, $6.1M in expenses, and $6.5M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Aitkin, MN
Website
www.nationsinc.org
Filings
2 on file (2019–2019)
Revenue
$10.7MFY2019
Expenses
$6.1M
Net assets
$6.5M
People
15
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Provided by the organization

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Size
$100K–1M
What they do
Generates funds through entertainment and festivals to support economic development in low-income communities.
Leadership
Doug Thornton · Stage & Security Manager · $95K
Money in and out
$10.7M revenue, $6.1M expenses
Bottom line
+43% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

CRITICAL

No — IRS exemption revoked

The IRS auto-revocation list shows this EIN's tax-exempt status revoked, so a contribution would not qualify as a deductible charitable gift. See detail →

Can I donate to this org right now?

CRITICAL

No — exemption revoked (2024-05-15)

This EIN appears on the IRS auto-revocation list with no later reinstatement on file. See detail →

Is this organization up to date?

CRITICAL

No filing since FY2020 — 6 yrs

Most recent Form 990 on file is for fiscal year 2020 (6 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

20% to programs

20% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Reported financial activity · FY2019
Total revenue
$10.7M
Pt VIII · Ln 12
Total expenses
$6.1M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.6M
Where spending went · Part IX cols B–D
Program services $0.20 Management & general $0.04 Fundraising $0.76
Surplus margin
+43%
revenue over expenses, this year
Program spending
20%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2019 · Form 990
Total assets
$8.3M
FY2019
Total liabilities
$1.8M
FY2019
Revenue less expensesPt I · Ln 19$4.6M
Total assetsPt X · Ln 16$8.3M
Program-expense ratioPt IX · col B20%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CNations INC
EINHdr · item D46-4345643
Principal addressHdr · item CAitkin, MN
WebsiteHdr · item Jwww.nationsinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item IRevoked
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Stage & Security Manager
$95,000Pt VII · Sec A
Agency
$87,400Pt VII · Sec A
Promotor Stage Manager
$65,400Pt VII · Sec A
$65,000Pt VII · Sec A
Sound & Stage Manager
$62,500Pt VII · Sec A
Executive Director
$62,000Pt VII · Sec A
$45,600Pt VII · Sec A
Box Office Manager
$43,560Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2020FY2019
Doug Thornton$95,000$95,000
Jazzdust$87,400$87,400
Rick Campbell$65,400$65,400
William Forder$65,000$65,000
Kelly Heathcote—$62,500
Jeff Blanchette$62,000$62,000
Sherry Doran—$45,600
Ashley Hellrung$43,560$43,560

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $815K of program spending, described in the organization's own filed words · FY2019.
01

Www.7flagseventcenter.com

Located in Clive, Iowa, a suburb of Des Moines, Iowa, Seven Flags Event Center is the destinations for exclusive events and to see top name entertainment. Seven Flags Event Center is equipped with state of the art audio and visual technology, permanent stage area, exclusive VIP seating areas, dressing rooms and food & beverage outlets.

$286Kprogram expense
02

Www.2100club.com

Located in Des Moines, Iowa, the 2100 Club program for large festivals and to engage top name entertainment. 2100 Club is equipped with state of the art audio and visual technology, permanent stage areas, outdoor tents, outdoor equipment complete with exclusive VIP seating areas, dressing rooms and food & beverage outlets.

$283Kprogram expense
03

Www.basis.tv

Basis TV is a our promotional program designed for coordinating large scale events and concerts featuring the world's best entertainers! Acquired in 2019 this program will ensure our cross platform events are successful fund raisers for years to come.

$247Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$5.3M · 49%
Program service revenue$4.5M · 42%
Contributions & grants$923K · 9%
Other revenue49%$5.3M
Program service revenue42%$4.5M
Contributions & grants9%$923K
Total revenueLn 12$10.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.20 Management & general $0.04 Fundraising $0.76
Program services20%$1.2M
Management & general4%$235K
Fundraising76%$4.6M
Total functional expensesLn 25$6.1M

Balance Sheet

Part X · end of year
CashLn 1$482K
Total assetsLn 16$8.3M
Total liabilitiesLn 26$1.8M
Total net assetsLn 32$6.5M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $482K · Operating expenses/yr $6.1M
1.0 months
Where the money goes
Program services
Program services $1.2M · Total expenses $6.1M
20%
Management & General
Management & general $235K · Total expenses $6.1M
4%
Fundraising
Fundraising $4.6M · Total expenses $6.1M
76%
Cost to raise $1
Fundraising expense $4.6M · Solicited contributions $923K
$5.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $923K · Total revenue $10.7M
9%
Government reliance
Government grants $0 · Total revenue $10.7M
0%
Earned-income share
Program service revenue $4.5M · Total revenue $10.7M
42%
Investment reliance
Investment income $0 · Total revenue $10.7M
0%
Program self-sufficiency
Program service revenue $4.5M · Total expenses $6.1M
74%
Growth & trend
Revenue growth (YoY)
This year $10.7M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.7M · Expenses $6.1M
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $8.3M
—
Net-asset ratio
Net assets $6.5M · Total assets $8.3M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $8.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Doug Thornton · Reported title Stage & Security Manager · Highest reported compensation $95K · Total expenses $6.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $908K · Total expenses $6.1M
15%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 20%——
Overhead ratio 4%——
Fundraising cost ratio 503%——
Investment management fee ratio 0%——
Legal fee ratio 2%——
Accounting fee ratio 0.03%——
Fundraising fee ratio 68%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2020 (Latest)$348K revenue · ⤓ 990 PDF
FY2019$10.7M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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